NAI Realvest Closes $1 Million Sale of Commercial Land for Wetlands Mitigation and Retail Development
ORLANDO – NAI Realvest recently closed on the sale of 72.52 acres at 12329 Winter Garden Rd. in southwest Orlando’s tourism corridor. Buyer WMG Development of Effingham, IL paid $1,000,000.00 for the property. Jason G. Toll, MiCP, Director at NAI Realvest negotiated the transaction representing the seller Hojosaki, LLC of Newton, MA.
Toll said the buyer is a nationally recognized retail developer who will use the property for onsite wetlands mitigation to restore, preserve and enhance the acreage while developing the adjacent 12 acres fronting on Winter Garden Vineland Road that also includes environmentally sensitive land a/k/a/wetlands.
Jared Ettinger and John Park of Berkshire Realty, LLC represented the buyer.